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20121002
20121002
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michael kahn. in the health care sector, insurer wellpoint was in focus. shares rose 4.3%, rallying to their highest point since angela braly stepped down as c.e.o. the company announced a bond sale to raise money with $600 million going to stock buybacks. there was a lot of action in the telecommunications industry, with deutsche telekom talking about merging its t-mobile business with metro pcs. the talk pushed metro pcs shares up 17.8%. volume exploded-- more than five times normal. last year, t-mobile's buyout by at&t was canceled over anti- trust concerns. t-mobile could use the deal to expand its wireless spectrum as it builds out its next generation wireless service. it's just the latest possible suitor for metro pcs and its no- contract pre-paid wireless service business model. it's a model similar to leap wireless and its cricket brand. leap shares jumped 8.4% as volume jumped five-fold. one of the companies that had reportedly looked at metro pcs in the past and said "no deal" is sprint. shares fell 5.4% on very heavy volume. analysts say a t-mobile metro pcs deal would pr
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